Quote:
Originally Posted by jimjamuser
I hate to break bad news to people, but today, right now, in the US of A we have mass quantities of racism, sexism, and much MORE wealth inequity than in the 50s and 60s. I will give some examples although none are needed.
........Inequity......Mostly caused by the lowering of the TAX RATE for the high earners from 1950 to today (look it up) and with small doses of technology, outsourcing, and poor public education.
......Racism........if there were less racism - why are there MORE white supremacists today as opposed to the 1950s. Granted there was a lot of racism in many geographic parts of the US. It has gone underground for a few recent past years, but the LARGE number today of white supremacist organizations proves that it THRIVES today.
......sexism..........Granted sexism was large in the 50s, but it has not gone away despite many gains in that area. The US is one of the only democratic countries to NEVER have a female President or other-titled top leader. Very few US large corporations have female CEOs. Covid has set back many female executives more than males.
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So much to unpack...
But I'll only comment on one thing... If you compare "actual" (marginal vs effective) taxes paid in the 50's, today's high earners pay MORE that they did in the 50's...
That 90% tax rate was NEVER paid, due to a myriad of deductions that no longer exist...